Booming Indian Export Industry | How to source products from India?
Indian exports have a long history. Historically, India exported spices to various regions of the world. India was also well-known for its textiles, which were a major export item in the 16th century. Gujarat was a major exporter of textiles and cotton to Arab countries. During the Mughal Empire, India exported a variety of precious stones, including ivory, pearls, and tortoise stones.
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India's Top Export Items
Indian exports have increased at a rate of roughly 22 percent during the last 10 years. Some commodities have seen higher increase in exports than others. Cotton, textiles, jute goods, tea, coffee, cocoa products, rice, wheat, pickles, mango pulp, juices, jams, preserved vegetables, and so on are some of India's key export items. India exports commodities to several of the world's main countries, including the United Kingdom, Belgium, the United States, China, and Russia.
Exports from India rose 22.63 percent year-on-year to USD 33.79 billion in September, mainly driven by exports of coffee (62.6 percent); cashew (49.4 percent); petroleum products (47.9 percent); cotton & handloom products (40.5 percent); engineering goods (36.8 percent); and organic & inorganic chemicals (29.7 percent). On the downside, sales fell significantly for Iron ore (-72.8 percent) and oil meals (-39.1 percent). source: Ministry of Commerce and Industry, India
In recent years, India has primarily exported pearls, precious and semi-precious stones, and jewelry (16 percent of total shipments); mineral fuels, oils, waxes, and bituminous substances (12 percent); vehicles, parts, and accessories (5 percent); nuclear reactors, boilers, machinery, and mechanical appliances (5 percent); pharmaceutical products (5 percent); and organic chemicals (5 percent) (4 percent). India's largest export partners include the United States (15 percent of total exports), the United Arab Emirates (11percent), Hong Kong (5 percent), China (4 percent), Singapore (4 percent), and the United Kingdom (3 percent).
Exports in India is expected to be 31900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Exports is projected to trend around 32900.00 USD Million in 2022 and 33900.00 USD Million in 2023, according to our econometric models.
In recent years, India exported mostly: pearls, precious and semi-precious stones and jewelry (16 percent of total shipments); mineral fuels, oils and waxes and bituminous substances (12 percent); vehicles, parts and accessories (5 percent); nuclear reactors, boilers, machinery and mechanical appliances (5 percent); pharmaceutical products (5 percent); and organic chemicals (4 percent). India’s main export partners are: United States (15 percent of the total exports), United Arab Emirates (11 percent), Hong Kong (5 percent), China (4 percent), Singapore (4 percent) and United Kingdom (3 percent). "India Exports | 2021 Data | 2022 Forecast | 1957-2020 Historical | Chart | News.” India Exports | 2021 Data | 2022 Forecast | 1957-2020 Historical | Chart | News, Tradingeconomics.com, https://tradingeconomics.com/india/exports.
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